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4<br />
<strong>Foresight</strong> 4 VCT plc<br />
06<br />
Descriptions of Top Ten Investments by Value<br />
SkillsMarket Limited<br />
the company’s online information exchange provides a central store for CVs, converted into a dynamic professional profile or “iProfile”.<br />
The iProfile is easy to set up and update, and enables individuals to control the job-seeking process and obtain feedback from recruiters<br />
and hiring managers. The iProfile has been adopted by many of the UK’s biggest recruiters, including Hays IT, Reed, Spring and<br />
Alexander Mann and is seen as the industry standard format for online CVs. In April 2008 the company announced the acquisition of<br />
PurplePassport, whose online ‘Skills Passport’ has been adopted by five Government appointed Sector Skills Councils covering more<br />
than 10 million people.<br />
O-Gen (UK) Limited<br />
develops, builds, owns and operates biomass to energy and combined heat and power (‘CHP’) plants. The market is driven by<br />
government regulation and incentives. Specifically, landfill tax, which is driving waste operators towards cheaper and more efficient<br />
methods of waste disposal such that gate fees will be received by O-Gen from the biomass suppliers. The electricity generated will be<br />
sold to the National Grid and attracts Renewable Obligation Certificates (‘ROCs’) which generate further revenue. The first plant has<br />
been completed and is being commissioned. Planning approval has been achieved for three other plants.<br />
Advanced Visual Technology Limited<br />
develops and markets retail space management software and interactive hand-held mobile store planners and now has 50 customers<br />
worldwide including Tesco, Waterstones, WH Smith, Barclays and HMV in the UK and Office Depot, Staples and KMart in the USA, its<br />
products deliver impressive financial improvements for customers. The company is reliant on winning a small number of large contracts<br />
in any one year and, although considerable interest is being shown in the new hand held planner, sales have been adversely impacted<br />
by the slowdown in consumer demand in the US and Europe. Notwithstanding the considerable cost savings and profit improvements<br />
from using the software, contracts with major Tier 1 retailers are accordingly taking longer to reach final signature or are being deferred.<br />
On 8 October 2008, the company was sold to Oracle Corporation for an undisclosed amount.<br />
Trilogy Communications Limited<br />
is a world class supplier of audio communications and broadcast solutions to the defence, emergency management, industrial and<br />
broadcast sectors. Trilogy counts some of the world’s best known names in broadcast and defence among its customer base including<br />
the BBC, Sony, Radio France, Raytheon, Northrop Grumman and BAE. The company continues on a strong growth track, with Trilogy’s<br />
new Mercury IP system making particularly good progress in the US defence market.<br />
Iskra Wind Turbines Limited<br />
is a manufacturer of high efficiency tree-sized wind turbines, suitable for volume manufacture, that have the best price/performance<br />
combination of any tree-sized turbine currently commercially available. The company has an installed base of around 250 units and is<br />
forecast to grow strongly based on the BWEA projections of a doubling in the size of the UK market and also the new overseas<br />
distribution networks.